Slide 1: Investors Presentation
Investors Presentation April 2023
Slide 2: Today's presenting team
Today’s presenting team Gianluca Massini Rosati Luca Tempesta Founder Chief financial officer – Allcore SpA Chairman – Allcore SpA Started Allcore in 2016 Serial entrepreneur Private and confidential 2
Slide 3: At a glance
At a glance
Slide 4: A growing one-stop-shop for Italian SMEs & Micro Enterprises
A growing one-stop-shop for Italian SMEs & Micro Enterprises
Slide 5: Organization chart
Organization chart Allcore SpA Amyralia Srl ST Consulting Sas Soluzione Meeting Srl Finera Srl Xriba Italia Srl RSM Soluzione Funding Srl
Slide 6: Allcore Spa VoP (Eu mn) FY16-FY22
Allcore Spa VoP (Eu mn) FY16-FY22 +49% VoP CAGR FY18-22 36,1 Allcore Spa VoP (Eu mn) FY16-FY22 8,16% Clients** served by the 5986 2A 7,44% Y2 27,5 group in 2022(o/w -50% recurring***) -F 18A Y AGR C 9% 5,44% 8.8% Cross-Selling revenues +4 19,3 in 2022 (+53.8% YoY) 13,3 3,34% 7,3 75,62% 2,4 0,1 FY16A
Slide 7: …laying on a cash generative and solid business
…laying on a cash generative and solid business Net debt (Eu mn) Commercial Working Capital evolution (DSOs e DPOs) Operating Cash Flow evolution (Eu mn) Capex evolution (Capex/VoP) Private and confidential
Slide 8: Profitable and recurrent growth set to accelerate…
Profitable and recurrent growth set to accelerate… Value of Production FY2020 - FY2022 EBITDA FY2020 - FY2022 Private and confidential * EBITDA ADJ - Operating profit/loss (EBIT) before amortisation/depreciation adjusted for non-recurring items such as development cost and provision for MBO
Slide 9: A look into the future
A look into the future ABE
Slide 10: New business activities for the business growth
New business activities for the business growth Newco for Premium version Staff hunting and securitization of tax 6 new locations release recruiting credits
Slide 11: M&A initiatives
M&A initiatives Incoming vertical, new project Management Training & Commercial Information Independent Financial Seminars & Debt collection Advisory 2022 Results: 2022 Results: 2022 Results: Revenue: 1,6 ml/€ Revenue: 9,0 ml/€ Revenue: 0,52 ml/€ EBITDA: 0,36 ml/€ EBITDA: 1,6 ml/€ EBITDA: 0,13 ml/€
Slide 12: Appendix
Appendix
Slide 13: Shareholding Structure
Shareholding Structure Other Dolphin S.r.l. Smartmistake S.r.l. Market Owned Stock shareholders 60,44% 6,71% 31,50% 1,09% 0,26% Allcore S.p.A. 10,83%* RSM S.r.l. C.s. € 297.824 Software Community Credit brokerage Strategic Tax and legal development and membership and and subsidized consulting and co
Slide 14: Corporate Governance
Corporate Governance Board of Directors G. Massini Rosati Chairman and CEO Edoardo Narduzzi A. Piovesana Independent Director Director Independent Auditor Private and confidential Sources: management
Slide 15: Financials
Financials Income statement Description 2021A 2022A Value of production 27.5 36.1 operating costs (25.3) (31.6) EBITDA 2.1 4.5 %on value of production 8.0% 12.5% Non recurring cost 1.3 EBITDA ADJ* 2.1 5.7 * Operating profit/loss (EBIT) before amortisation/depreciation adjusted %on value of productio
Slide 16: Financials
Financials Balance sheet Description 2021A 2022A Intangible Assets 2.9 4.1 Tangible Assets 0.1 4.5 Financial Assets 0.4 2.7 Fixed Assets 3.4 11.3 Inventory 2.5 0.2 Trade receivables 4.2 4.9 Trade payables (3.5) (5.0) Other current assets 1.6 4.4 Other current liabilities (1.2) (3.4) NWC 3.6 1.1 Prov
Slide 17: Financials
Financials Cash flow statement Description 2021A 2022A Net Income 1,3 2,6 Depreciation and amortization 0,3 0,6 Taxes 0,2 (0,5) Other funds 0,1 0,2 NWC (1,3) 1,3 Net Cash Flow Operations 0,5 44,1 Capital Expenditures (Property, Plant and Equipment) (2,6) (2,0) Payments for acquisition of Intangible
Slide 18: Disclaimer
Disclaimer This document has been prepared by and is the sole responsibility of Allcore S.p.A. (“Allcore S.p.A.” or the “Company”) for the sole purpose described herein. The information contained herein does not contain or constitute an offer of securities for sale, or solicitation of an offer to pu
Slide 19: Allcore S.p.A.
Allcore S.p.A. Via S. Gregorio, 55 Milan (MI) +39 800 960599 www.allcore.it